Rhode Island’s unemployment rate may be the highest in the nation at 8.3 percent, but a lesser-known metric ranks the state sixth highest – and lends insight into the state’s condition, local economists say.
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Rhode Island continued to have the third-highest unemployment rate in the nation in August at 7.7 percent, trailing only Georgia, which was No. 1 at 8.1 percent, and Mississippi, No. 2 with 7.9 percent, according to data released Friday from the U.S. Bureau of Labor Statistics.
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The seasonally adjusted unemployment rate for January dropped to 6.5 percent, three-tenths of a percentage point lower than December 2014, according to the latest report from the R.I. Department of Labor and Training.
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The Rhode Island Center for Freedom & Prosperity on Thursday released its 2014 Report Card on Rhode Island Competitiveness, in which the Ocean State scored a “D” or “F” in nearly 80 percent of the measures analyzed to evaluate the state’s regional and natural economic competitiveness.
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